There can be no assurance that the Company will be able to realize the value of this investment.
Key Points:
- There can be no assurance that the Company will be able to realize the value of this investment.
- As at December 31, 2023 the shares of Copperleaf are all held directly by the Company, following the amalgamation with Pender Private Investments Inc. (“PPI”) discussed in “Pender Private Investments Inc”.
- We believe that this environment provides compelling opportunities for long term focused investors and that the Company is well-positioned to continue to pursue its investment objectives.
- On December 31, 2023, the Company completed an amalgamation of Pender Private Investments Inc. (“PPI”), formerly the Working Opportunity Fund (EVCC) Ltd. (“WOF”), which was acquired by the Company in May 2021.
Retrieved on:
Tuesday, February 13, 2024
VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) announces that it has provided the TSX Venture Exchange (the "TSXV") with its Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") through the facilities of the TSXV, subject to TSXV acceptance.
Key Points:
- VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) announces that it has provided the TSX Venture Exchange (the "TSXV") with its Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") through the facilities of the TSXV, subject to TSXV acceptance.
- As of January 30, 2024, the Company had 7,362,121 Shares outstanding, of which 6,301,883 Shares represent the Company's public float.
- The prices that the Company will pay for Shares purchased will be the market price of the Shares at the time of purchase.
- The Company reserves the right to terminate the NCIB earlier if it feels it is appropriate to do so.
Retrieved on:
Thursday, November 23, 2023
There can be no assurance that the Company will be able to realize the value of this investment.
Key Points:
- There can be no assurance that the Company will be able to realize the value of this investment.
- During the third quarter, overall market sentiment was more challenging, with equities and risk assets broadly lower over the period.
- We believe that this environment provides compelling opportunities for long term focused investors and that the Company is well-positioned to continue to pursue its investment objectives.
- At September 30, 2023, the Company held 100% of the Legacy Shares of PPI, formerly the Working Opportunity Fund (EVCC) Ltd. (“WOF”).
Retrieved on:
Monday, November 20, 2023
Taleo,
Computer science,
Fred Hemmes,
New product development,
Acquisition,
Commerce,
University,
Knowledge,
Software,
Minor,
Curtin University,
PTF,
Growth,
Organization,
Management VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) is pleased to announce the addition of Derek Hemmes to its Board of Directors, with immediate effect.
Key Points:
- VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) is pleased to announce the addition of Derek Hemmes to its Board of Directors, with immediate effect.
- With over two decades of entrepreneurial and management experience, Mr. Hemmes brings a wealth of knowledge and expertise to the PGF Board.
- In 2001 he co-founded one45 Software, where he served as CEO until its acquisition by Cytiva Software in 2008.
- Mr. Hemmes is a valued addition to the PGF Board and his extensive experience and strategic vision will undoubtedly contribute to the continued success and growth of the organization.
Retrieved on:
Thursday, August 24, 2023
There can be no assurance that the Company will be able to realize the value of this investment.
Key Points:
- There can be no assurance that the Company will be able to realize the value of this investment.
- During the second quarter, financial markets responded positively to the growing expectations of economic soft landing and rallied with equities and corporate bonds performing well.
- We believe that this environment provides compelling opportunities for long term focused investors and that the Company is well-positioned to continue to pursue its investment objectives.
- At June 30, 2023, the Company held approximately 98% of the Legacy Shares of PPI, formerly the Working Opportunity Fund (EVCC) Ltd. (“WOF”).
VANCOUVER, British Columbia, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) and Pender Private Investments Inc. (“PPI”) announce that, further to their press release dated August 15, 2023, PGF has today acquired all of the outstanding Legacy Shares not previously owned by it pursuant to statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement").
Key Points:
- VANCOUVER, British Columbia, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) and Pender Private Investments Inc. (“PPI”) announce that, further to their press release dated August 15, 2023, PGF has today acquired all of the outstanding Legacy Shares not previously owned by it pursuant to statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement").
- As a result of the Plan of Arrangement, PPI is now a wholly owned subsidiary of PGF.
- Under the terms of the Plan of Arrangement, holders of Legacy Shares other than PGF (the "Minority Shareholders") will receive $6.9418 per Legacy Share for an aggregate purchase price of approximately $855,490, all of which will be paid in cash.
- Minority Shareholders are expected to receive payment on or about August 22, 2023.
Minority,
Plan,
Effective date,
Net asset value,
Model Business Corporation Act,
Association for the Defense of Minority Shareholders,
Effective interest rate,
PGF,
PTF,
PPI,
Reinsurance,
Security (finance) VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) and Pender Private Investments Inc. (“PPI”) today announce that, further to their press release dated June 23, 2023, the statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement") involving PGF, PPI and holders of PPI's Legacy Shares, other than PGF (the "Minority Shareholders") has received approval by the Minority Shareholders and the British Columbia Supreme Court.
Key Points:
- VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) and Pender Private Investments Inc. (“PPI”) today announce that, further to their press release dated June 23, 2023, the statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement") involving PGF, PPI and holders of PPI's Legacy Shares, other than PGF (the "Minority Shareholders") has received approval by the Minority Shareholders and the British Columbia Supreme Court.
- It is anticipated that the date of completion (the "Effective Date") for the Plan of Arrangement will be August 17, 2023.
- In accordance with the terms of the Plan of Arrangement, the Net Asset Value of PPI’s portfolio was recalculated on August 10, 2023 (being five business days prior to the Effective Date) and the purchase price has been determined to be $6.9418 per Legacy Share for an aggregate purchase price of approximately $855,490, all of which will be paid in cash.
Minority,
Purchasing,
Net asset value,
Model Business Corporation Act,
Committee,
Effective interest rate,
PGF,
PTF,
NAV,
Transaction,
Legacy,
PPI,
Canadian House of Commons Special Committee on Electoral Reform,
Proxy,
Security (finance) VANCOUVER, British Columbia, June 23, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) and Pender Private Investments Inc. (“PPI”) today announce that, further to their press release dated May 24, 2023, they have signed an arrangement agreement (the "Arrangement Agreement") pursuant to which PGF will acquire all Legacy Shares of PPI not currently owned by PGF (the “Proposed Transaction”).
Key Points:
- VANCOUVER, British Columbia, June 23, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF) and Pender Private Investments Inc. (“PPI”) today announce that, further to their press release dated May 24, 2023, they have signed an arrangement agreement (the "Arrangement Agreement") pursuant to which PGF will acquire all Legacy Shares of PPI not currently owned by PGF (the “Proposed Transaction”).
- The Proposed Transaction will be completed pursuant to a statutory plan of arrangement (the "Plan of Arrangement") under the Business Corporations Act (British Columbia).
- PGF currently holds approximately 98% of the outstanding Legacy Shares of PPI.
- Assuming satisfaction of all conditions precedent, it is anticipated the Proposed Transaction will complete in the second half of August 2023.
Purchasing,
Acalypha,
Bank statement,
COVID-19,
Effective interest rate,
PTF,
NAV,
Fairness opinion,
Portfolio company,
Growth,
WOF,
PPI,
Environment,
Security (finance),
Cryptocurrency There can be no assurance that the Company will be able to realize the value of this investment.
Key Points:
- There can be no assurance that the Company will be able to realize the value of this investment.
- Geopolitical uncertainty, elevated inflation and rising interest rates have all contributed to a slower economic growth outlook as we entered the year.
- We believe that this environment provides compelling opportunities for long term focused investors and that the Company is well-positioned to continue to pursue its investment objectives.
- At March 31, 2023, the Company held approximately 98% of the Legacy Shares of PPI, formerly the Working Opportunity Fund (EVCC) Ltd. (“WOF”).
Purchasing,
Letter,
Letter of intent,
Net asset value,
Model Business Corporation Act,
Committee,
The Purchase Price,
PGF,
PTF,
NAV,
Fairness opinion,
Purchase price allocation,
Transaction,
Legacy,
PPI,
Canadian House of Commons Special Committee on Electoral Reform VANCOUVER, British Columbia, May 24, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF)) and Pender Private Investments Inc. (“PPI”) today announce that they have signed a non-binding letter of intent (the “Letter of Intent”) to acquire all Legacy Shares of PPI not currently owned by PGF (the “Proposed Transaction”).
Key Points:
- VANCOUVER, British Columbia, May 24, 2023 (GLOBE NEWSWIRE) -- Pender Growth Fund Inc. (“PGF”; TSXV: PTF)) and Pender Private Investments Inc. (“PPI”) today announce that they have signed a non-binding letter of intent (the “Letter of Intent”) to acquire all Legacy Shares of PPI not currently owned by PGF (the “Proposed Transaction”).
- PGF currently holds approximately 98% of the outstanding Legacy Shares of PPI.
- The terms of the Proposed Transaction set out in the Letter of Intent, including the Purchase Price, are non-binding and are therefore subject to change.
- Completion of the Proposed Transaction remains subject to, among other things, the negotiation of a definitive agreement, approval of the PPI shareholders (including majority of the minority approval), receipt of a satisfactory Fairness Opinion and court approval.
